EconPapers    
Economics at your fingertips  
 

IMPLICATIONS OF THE FINANCIAL GLOBALISATION ON THE FINANCIAL STABILITY – PRICE STABILITY RELATIONSHIP

Marius Apostoaie and Cezar-Gabriel Ciortescu
Additional contact information
Cezar-Gabriel Ciortescu: “Alexandru Ioan Cuza” University, Iasi

Theoretical and Applied Economics, 2011, vol. 5(558)(supplement), issue 5(558)(supplement), 563-570

Abstract: This paper aims to emphasize some implications of the financial globalisation – the most recent, dynamic and alive form of the globalising process – on the relationship between price stability and financial stability and to what extent the central banks include these two important objectives in their regulations. The present context revives the dilemma on whether the monetary policy should or not assume as a main objective the ensuring of the financial stability in parallel with the fundamental current purpose of most central banks – to ensure the price stability. Although contradictory, the arguments brought by both sides, are solid enough.

Keywords: financial globalisation; price stability; financial stability; central banks; monetary policy. (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://store.ectap.ro/suplimente/Conferinta%20FABBV%202010_engleza.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:5(558)(supplement):y:2011:i:5(558)(supplement):p:563-570

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Marin Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania - AGER Contact information at EDIRC.
Bibliographic data for series maintained by Marin Dinu ().

 
Page updated 2019-04-03
Handle: RePEc:agr:journl:v:5(558)(supplement):y:2011:i:5(558)(supplement):p:563-570